5 Top Nickel Stocks of 2017

Nickel prices have been inconsistent in 2017, but some nickel companies have seen share price gains. Here are the five top nickel stocks so far this year.

nickel-stocks

As the year comes to a close, we look back on nickel’s journey through the charts. Its price has had its share of peaks and troughs from under USD$9,000 to USD$13,000 per tonne, and just about every number in between.

This year, nickel prices and nickel stocks have been greatly affected by countries in Asia. In February, nickel prices got a boost after the Philippines’ environmental secretary closed over half of their mines. Nickel prices were also bumped around by China, whose weak demand in Q2 brought prices back down. Then we saw nickel bounce back with talk of its involvement with lithium-ion batteries in Q3. By November, nickel hit a two year high of $13,030, but then returned down to USD$11,085 as of December 14.

Amongst all the yo-yoing, a number of nickel stocks have seen share prices rise considerably this year. The list below shows the five nickel-focused companies that have seen the biggest share price gains year-to-date; all are listed on either the TSXV, TSX or ASX and had market caps above $10 million as of December 13, 2017. If we missed a company you think should be included, please let us know in the comments.

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1. Garibaldi Resources (TSXV:GGI)

Current price: $3.07; year-to-date gain: 2,174.07 percent

At the top of the nickel stocks list is Garibaldi Resources. The company is “aggressively advancing” its E&L project at Nickel Mountain in BC. The company conducted an exploration program in the summer of 2016 that confirmed E&L as the first magmatic nickel- and copper-rich massive sulfide system in the Eskay Mining Camp.

The firm began a field program at the project in June and followed up with a drilling program. On September 1, the company said that in the first hole it intersected two long intervals of nickel-copper sulfide mineralization totaling 176 meters and consisting of pyrrhotite-pentlandite-chalcopyrite; it began drilling a second hole immediately. Garibaldi also closed a $6-million private placement in October. That same month the company completed their first tranche at $10 million in private placement. In November, Garibaldi announced that they had intersected a new discovery zone at E&L project at Nickel mountain. The drilling uncovered “massive nickel-copper-rich sulphides”. On December 8, Garibaldi released drilling results once more at Nickel Mountain which revealed a 40.4 mineralized zone with yet again another massive sulphide intersection.

2. GME Resources (ASX:GME)

Current price: $0.135  ; year-to-date gain: 400 percent

GME Resources is based in Western Australia, where it is developing the NiWest nickel laterite project. The company announced on September 5 that it plans to have a pre feasibility study for the project finished by March 2018. The firm also said at the time that it has completed the first phase of a pilot program geared at producing nickel and cobalt sulfate products from NiWest to supply the lithium-ion battery market. The company said it is on track to produce battery-grade nickel and cobalt sulfates from pilot-scale testwork using its NiWest DSX flowsheet.

In October GME announced that they had completed the final step of their pilot plant metallurgical testwork and found high purity nickel sulphate, nickel carbonate and nickel cathode. In November this year, GME released  information regarding Zeta Resources’ new acquisition of investment holding company, Axelrock Ltd. As a result of this binding terms with Axelrock, Zeta will increase its share in GME from 10% to 44%.

3. Sama Resources (TSXV:SME)

Current price:$0.30; year-to-date gain: 275 percent

The third top nickel stock is Sama Resources. Sama is focused on its Samapleu nickel-copper-palladium project in West Africa. The firm has proposed an open-pit operation at the site and has scheduled a drill program for Q4 2017 to test targets.

In June, the company formed a strategic partnership with CVMR to produce nickel and iron powders from Samapleu. In August, the company said recent tests by CVMR on Samapleu mineralized materials generated recovery rates of 92 percent nickel and 85 percent iron. CVMR will conduct additional metallurgical testing with the aim of improving recoveries. Sama said the metal powders produced “currently hold a substantial premium above the current LME prices” and provide the company with a market advantage.

By October, Sama announced that it had entered into a strategic partnership with HPX TechCo, a private mineral exploration company which boasts Robert Friedland as a stakeholder. The aim of this merger is to develop the Côte D’Ivoire nickel-copper and cobalt property in West Africa. In November, the company declared that they had begun a 3,000-line/kilometer survey over their Côte D’Ivoire projects. The survey will help Sama gain geological insight over the entire Samapleau and Yepleu projects at Côte D’Ivoire.

4. Clean TeQ Holdings (ASX:CLQ)

Current price: $1.29; year-to-date gain: 153.92 percent

Clean TeQ Holdings’ Syerston cobalt-nickel-scandium project is located in New South Wales, Australia. In its 2017 annual report, the company notes that Syerston is “development ready,” with all key approvals secured, including an environmental impact statement, water allocation and development consent. Clean TeQ also said Syerston will be the first mine developed to exclusively produce high-purity cobalt and nickel sulfate to supply the lithium-ion battery market.

The next step is the completion of a definitive feasibility study for Syerston, but Clean TeQ said it has been delayed in order to take the new resource estimate into account. The study is expected to be ready in 2018 instead of Q4 2017 as originally scheduled.

In October, Clean TeQ released an update on the mineral resources at Syerston claiming the site contained 593,000 tonnes of nickel. On November 2, the company disclosed that they had applied for a listing on the TSX and changed the name of the Syerston project to Clean TeQ Sunrise. That same day, this nickel stock jumped up to $1.69. On December 14, Clean TeQ officially began trading on the TSX.

5. Wallbridge Mining  (ASX:WM)

Current price:$0.095; year-to-date gain: 72.73 percent

Finally, on our top nickel stocks is Wallbridge Mining. Wallbridge is a nickel, copper, gold and platinum mining company. They have projects in both Ontario and Quebec, as well as a 15.5% stake in Carube Copper Corp in Jamaica. The nickel stock had a few highs and lows this year, with a massive spike in the last quarter of the year reaching $0.14.

Throughout the year Wallbridge had a series of private placements resulting in $1,093,750 first, then $1,573,790 second, and finally $4,305,631 in the third round. Wallbridge also expanded exploration drilling at Fenelon after receiving a favourable pre-feasibility report at the site. The company also intersected more high-grade nickel, platinum and copper at their Parkin project in June. Wallbridge also found high grade gold mineralization at Fenelon three times this year.   

What were your top nickel stocks this year? What did you think of nickel prices? We want to hear your thoughts. Let us know in the comments section.   

The data for this article was retrieved on December 14, 2017 using The Globe and Mail’s market data filter. Only TSXV-, TSX- and ASX-listed nickel companies with market capitalizations greater than $10 million are included.

Don’t forget to follow us @INN_Resource for real-time news updates.

Securities Disclosure: I, Amanda Kay, hold no direct investment interest in any company mentioned in this article.

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3 Top Nickel Stocks Up in 2017

By Melissa Shaw, October 12, 2017

Nickel was trading above $11,000 per tonne at the beginning of March, beating all other major base metals on the LME. Prices have risen a little since then, closing at $11,061 on Wednesday (October 11). 

Over the course of the year, the nickel space has been rocked by the ever-changing political climate in the Philippines and Indonesia, two major nickel-producing countries. Analysts have different opinions on what could come next — Wood Mackenzie estimates that prices will remain low in 2017 and 2018, averaging $9,890, while Bahana Securities believes nickel will rise to $12,500 in 2017.

Despite those challenges, a number of nickel stocks have seen share price rises this year. The list below shows the five nickel-focused companies that have seen the biggest share price gains year-to-date; all are listed on either the TSXV, TSX or ASX and had market caps above $15 million as of October 12, 2017. If we missed a company you think should be included, please let us know in the comments.

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1. Garibaldi Resources (TSXV:GGI)

Market cap: C$199.31 million; year-to-date gain: 1,537.04 percent

Garibaldi Resources is “aggressively advancing” its E&L project at Nickel Mountain in BC. The company conducted an exploration program in the summer of 2016 that confirmed E&L as the first magmatic nickel- and copper-rich massive sulfide system in the Eskay Mining Camp.

The firm began a field program at the project in June and followed up with a drilling program. On September 1, the company said that in the first hole it intersected two long intervals of nickel-copper sulfide mineralization totaling 176 meters and consisting of pyrrhotite-pentlandite-chalcopyrite; it began drilling a second hole immediately. Garibaldi also recently closed a $6-million private placement.

2. GME Resources (ASX:GME)

Market cap: AU$46.36 million; year-to-date gain: 270.37 percent

GME Resources is based in Western Australia, where it is developing the NiWest nickel laterite project. The company announced on September 5 that it plans to have a prefeasibility study for the project finished by March 2018.

The firm also said at the time that it has completed the first phase of a pilot program geared at producing nickel and cobalt sulfate products from NiWest to supply the lithium-ion battery market. The company said it is on track to produce battery-grade nickel and cobalt sulfates in the current quarter from pilot-scale testwork using its NiWest DSX flowsheet. It expects successful production of those products to facilitate discussions with potential consumers and offtake partners.

3. Sama Resources (TSXV:SME)

Market cap: C$31.5 million; year-to-date gain: 187.5 percent

Sama Resources is focused on its Samapleu nickel-copper-palladium project in West Africa. The firm has proposed an open-pit operation at the site and has scheduled a drill program for Q4 2017 to test targets.

In June, the company formed a strategic partnership with CVMR to produce nickel and iron powders from Samapleu. In August, the company said recent tests by CVMR on Samapleu mineralized materials generated recovery rates of 92 percent nickel and 85 percent iron. CVMR will conduct additional metallurgical testing with the aim of improving recoveries. Sama said the metal powders produced “currently hold a substantial premium above the current LME prices” and provide the company with a market advantage.

4. Clean TeQ Holdings (ASX:CLQ)

Market cap: AU$740.07 million; year-to-date gain: 150.98 percent

Clean TeQ Holdings’ Syerston cobalt-nickel-scandium project is located in New South Wales, Australia. The company released an updated mineral resource estimate on October 9, highlighting a 30-percent increase in cobalt grades compared to a 2016 prefeasibility study.

In its 2017 annual report, the company notes that Syerston is “development ready,” with all key approvals secured, including an environmental impact statement, water allocation and development consent. Clean TeQ also said Syerston will be the first mine developed to exclusively produce high-purity cobalt and nickel sulfate to supply the lithium-ion battery market.

The next step is the completion of a definitive feasibility study for Syerston, but Clean TeQ said it has been delayed in order to take the new resource estimate into account. The study is expected to be ready in 2018 instead of Q4 2017 as originally scheduled.

5. Metals X (ASX:MLX)

Market cap: AU$501.38 million; year-to-date gain: 46.43 percent

Metals X is based in Perth and is focused on developing projects in Australia. The company owns the “world-class” Wingellina nickel-cobalt project in the Central Musgrave Ranges. According to the company, the deposit also contains “a significant inventory” of scandium and iron. The company’s Claude Hill nickel-cobalt-iron prospect lies 25 kilometers from Wingellina.

In its Q2 2017 report, Metals X states that it has been collaborating with POSCO (NYSE:PKX) regarding the possibility of applying the company’s proprietary nickel extraction process (PosNEP) to Wingellina. The firm said 2014 trials at POSCO’s PosNEP pilot plant in Korea were successful, and discussions are ongoing as to the possible commercialization of the PosNEP process and the Wingellina project.

The data for this article was retrieved on October 12, 2017. Only TSXV-, TSX- and ASX-listed nickel companies with market capitalizations greater than $15 million are included. 

Don’t forget to follow us @INN_Resource for real-time news updates.

Securities Disclosure: I, Melissa Shaw, hold no direct investment interest in any company mentioned in this article.

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3 Top Nickel Stocks Up in 2017

By Melissa Shaw, May 16, 2017

Nickel was trading above $11,000 per tonne at the beginning of March, beating all other major base metals on the LME.

Prices have fallen substantially since then — in fact, at the beginning of May, nickel was changing hands at $9,510, down 4 percent year-to-date. Along with tin, it was one of the year’s worst-performing commodities.

The metal’s shifting price is the result of a number of challenges in the nickel space. The main one, of course, is the ever-changing political climate in the Philippines and Indonesia, two major nickel-producing countries. Analysts have different opinions on what could come next. Wood Mackenzie estimates that prices will remain low in 2017 and 2018, averaging $9,890 a tonne; meanwhile, Bahana Securities believes nickel will rise to $12,500 in 2017.

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Despite challenges, there are at least a few top nickel stocks worth highlighting. The three nickel-focused companies below have all seen share price gains since the beginning of the year. All are listed on either the TSX or TSXV and had market caps above $15 million as of May 16, 2017.

1.Talon Metals (TSX:TLO)

Market cap: $23.67 million; year-to-date gain: 53.85 percent

Talon Metals is first on this list of top nickel stocks. The company has an 18.45-percent interest in the Tamarack nickel-copper-PGMs project in Minnesota. Kennecott Exploration Company, a subsidiary of Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO), has a majority stake in the project. Tamarack is currently in the exploration phase, and Talon released the latest drill results from the project on May 2. 

2. Asian Mineral Resources (TSXV:ASN)

Market cap: $23.67 million; year-to-date gain: 50 percent

Asian Mineral Resources has 90-percent ownership of the Ban Phuc nickel sulfide mine and processing plant in Vietnam. The mine produces 6,400 tonnes of nickel, 3,200 tonnes of copper and 200 tonnes of cobalt annually. The company is the first mainstream nickel producer in Vietnam, and it plans to expand operations at Ban Phuc; it has identified 12 exploration targets there so far. The Vietnamese government has offered the company reduced export tariffs and other incentives to develop a matte smelter.

3.First Point Minerals (TSX:FPX)

Market cap: $16.29 million; year-to-date gain: 35.29 percent

In third place on this list of top nickel stocks is First Point Minerals. The company’s flagship Decar project is located in Central BC. It is targeting a particular type of naturally occurring metallic nickel-iron alloy called awaruite. Most recently, the company received financing for a drill program at Decar. The company has also made discoveries at two sites in Northern BC and one in the Yukon.

Other top nickel stocks

The three TSX- and TSXV-listed companies discussed above are focused primarily on nickel, but many other companies have projects where nickel is a smaller component. Here are two such companies that have seen impressive share price gains since the start of the year. Like the stocks above, both are listed on either the TSX or TSXV and had market caps over $15 million as of May 16, 2017.

  • Sama Resources (TSXV:SME— Sama Resources’ share price has gained 162.5 percent year-to-date and it has a market cap of $31.79 million. The company has two exploration-stage projects in Africa: the Lola graphite project located in Guinea, and the Ivory Coast-based Samapleu nickel-copper-palladium project.
  • Wallbridge Mining (TSX:WM— Wallbridge Mining’s market cap is $22.77 million, and its share price has risen 81.82 percent year-to-date. The company is exploring for copper, nickel and PGMs in Ontario, and plans to reach a production decision regarding its Fenelon gold project in Quebec this year. Wallbridge also has a 13-percent stake in Carube Copper (TSXV:CUC).

Did we miss a TSX- or TSXV-listed nickel company whose share price was up year-to-date as of May 16, 2017? Please let us know in the comments!

Don’t forget to follow us @INN_Resource for real-time news updates.

Securities Disclosure: I, Melissa Shaw, hold no direct investment interest in any company mentioned in this article. 

Editorial Disclosure: Carube Copper and Wallbridge Mining are clients of the Investing News Network. This article is not paid-for content. 

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4 Top Nickel Stocks

By Jocelyn Aspa, 2016

Throughout 2016, the nickel price has staggered slightly, starting the year off at $3.91 per pound before dropping to $3.51 in February. After that, the price shot back up to $4.21 in March, but has been relatively shaky ever since then.

Still, year-to-date overall, the nickel price has gone up 7.43 percent—an increase of $0.29—to $4.23 as of June 29, per Kitco.

FocusEconomics‘ June 2016 report states that the nickel price hasn’t fared well this year in part due to weak demand from foreign economies, such as China. However, prices are expected to continue rising.

A number of analysts surveyed suggested prices will rise throughout 2016, with a maximum forecast of $12,489 per metric tonne and a minimum of $8,524.

With that in mind, a number of nickel mining companies have seen their stocks rise this year. Here’s a look at some of the top nickel stocks up over 60 percent at the halfway mark of the year, with a market capitalization minimum of $10 million.

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Wallbridge Mining Company (TSX:WM)

Wallbridge Mining is first on our list of top nickel stocks. The firm holds a variety of exploration properties and continues to explore on its nickel, copper and platinum projects in Ontario. Most of it is funded by joint venture partners.

In April, the company reported results from its Parkin exploration project, which included an intercept of 24.25 meters grading 1.22 percent nickel. The release adds that the Parkin Properties are being explored for high-grade polymetallic nickel, copper and platinum group metals.

Year-to-date, the company’s shares have sharply risen by 200 percent, which is a $0.05 increase, to $0.075. Wallbridge’s shares have also been successful over the past year, rising 87.5 percent overall.

Royal Nickel (TSE:RNX)

Currently, Royal Nickel is focusing its efforts on its 100 percent owned Dumont nickel project, located in Quebec. When in production, the project is expected to rank as the fifth-largest nickel sulphide operation in the world by annual production. By 2017, the company has set a target for commissioning and ramp-up.

In June, Royal Nickel announced the closing of a bought deal financing of 17,060,000 common shares at a price of $0.51 per share.

The company’s shares have steadily gained 122.22 percent year-to-date, which is a $0.22 increase so far, to sit at $0.40 per share.

Balmoral Resources (TSX:BAR)

Over the past year, Balmoral Resources shares have made small gains of 26.76 percent. More recently, however, the company has seen its share price rise more sharply. Year-to-date, shares of Balmoral are up 109.3 percent to $0.90 overall.

In addition to its gold projects in Quebec’s Abitibi Greenstone Belt, Balmoral holds the Grasset nickel project, which also hosts copper, cobalt, platinum and palladium mineralization.  The project was discovered by the company back in 2014, and represents its first discovery of magmatic nickel-copper-cobalt-platinum-group-element mineralization in that part of the belt. In March of 2016, Balmoral released its initial resource estimate for the deposit, which can be seen here.

First Point Minerals (TSX:FPX)

Rounding out the list of our top nickel stocks is First Point Minerals, which has seen its shares increase by 60 percent year-to-date to $0.08. While the company’s stocks over a one-year period, have gained only 6.67 percent, they have stayed out of the red between June 30, 2015-June 29, 2016.

The company is currently exploring for  awaruite nickel mineralization, which is a metallic nickel-iron alloy that contains little to no sulphides.

Most recent news regarding First Point’s 100 percent owned Decar project came in November 2015, when the company announced that it had completed a transaction with affiliates of Cliffs Natural Resources (NYSE:CLF) to purchase Cliffs’s 60 percent interest in the Decar nickel project.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Wallbridge Mining Company is a client of the Investing News Network. This article is not paid-for content.

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